The bill amends section 4.1-01-20.1 of the North Dakota Century Code to enhance the bioscience innovation grant program. It introduces a requirement for the commissioner to collaborate with a local association in the state that has bioscience experience to develop and administer the program. The bill outlines specific responsibilities for this association, including promoting the program, recruiting bioscience organizations, determining applicant eligibility, and conducting performance reviews. Additionally, the commissioner may reimburse the collaborating association up to $600,000 per biennium for costs incurred in administering the program.

The bill also revises eligibility criteria for bioscience businesses seeking grant funds, specifying that they must employ at least two employees, have documented annual sales of less than $2.5 million, and be registered in good standing in the state. Furthermore, the composition of the committee responsible for awarding grant funding is expanded to include representatives from the University of North Dakota and North Dakota State University, in addition to existing members from the Department of Agriculture and the bioscience association. The bill clarifies that grant funds cannot be used for capital improvements, academic programming, or workforce training.

Statutes affected:
INTRODUCED: 4.1-01-20.1